FHA 203(k) Rehabilitation Mortgage

About This Program

FHA 203(k) insures mortgages covering both purchase and rehabilitation of a home, or refinance and rehabilitation. The Standard 203(k) allows major renovations (minimum $5,000 in rehab) up to the FHA county loan limit ($557,750 in Maricopa County for 2025). The Limited 203(k) covers minor remodeling up to $75,000 in rehab costs. Ideal for buying a fixer-upper or refinancing to fund repairs. A HUD-approved 203(k) consultant may be required for Standard loans.

Rehab cost is folded into the mortgage. Standard 203(k) requires a HUD-approved consultant. Limited 203(k) max rehab is $75,000. Minimum 580 credit score typically required.

Key Details

• Combines home purchase/refinance with rehabilitation costs in one mortgage
• Standard 203(k): major rehab, minimum $5,000, up to FHA county loan limit
• Limited 203(k): minor rehab projects up to $75,000
• Maricopa County FHA loan limit: $557,750 (2025)
• Find FHA-approved 203(k) lenders at HUD.gov

How to Apply

Deadline: Rolling — apply through FHA-approved lenders